The Massachusetts Circuit Breaker tax credit is a refundable credit for senior citizens based on the real estate taxes paid on Massachusetts property owned/rented and used as the primary residence. Maximum credit allowed for the 2024 tax year is $2,730.
Who is eligible for this credit?
- Massachusetts residents age 65 or older by December 31 of the tax year
- Massachusetts return must be filed with the Senior Circuit Breaker Credit attached (Schedule CB)
- Massachusetts property must be owned/rented and occupied as primary home
- Massachusetts income not more than:
- $72,000 for Single
- $91,000 for Head of Household
- $109,000 for Married filing Joint (married filing separate does not qualify for the credit)
- Homeowners - Massachusetts property tax plus 1/2 the water and sewer expenses must exceed 10% of total Massachusetts income for the year
- Renters - 25% of your annual Massachusetts rent must be more than 10% of your total Massachusetts income for the year
- Residential value as of January 1, 2024 after abatements, must not exceed $1,172,000 to qualify.
- Residents and part-year residents. Non-residents are not eligible.
Note: If you receive a rent subsidy, either federal or state, you are not eligible to receive this credit.
To enter this credit within the program, please go to:
- State
- Massachusetts Return
- Credits
- Senior Circuit Breaker Credit - Schedule CB
For additional information, please refer to the instructions.